Multiple Choice
Which of the following is true about economic growth?
A) The United States is rich because it has democratic political institutions.
B) Economic growth is primarily the result of gains from trade, discovery of better ways of doing things, and capital investment.
C) Without foreign aid, poor countries are unable to break the cycle of poverty, low savings and investment, and economic stagnation.
D) Most all countries with an abundance of natural resources have been able to achieve rapid growth and high levels of per capita income.
Correct Answer:
Verified
Correct Answer:
Verified
Q48: Which of the following would be most
Q49: If the per capita income of a
Q50: Regarding economic growth and income levels, which
Q51: Frequently, politicians enact restrictive trade policies to
Q52: Which of the following is most important
Q54: Some low-income countries generally remain poor because<br>A)
Q56: Which of the following factors would be
Q57: Which of the following would be most
Q58: Increases in per capita GDP are<br>A) important,
Q100: During the past 1000 years, the income